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MeGroup prices IPO at S$0.23 a share to raise S$2.4m

The group's net profit for the year ended March 31 was RM8.9m, on revenue of RM148.8m

Published Mon, Oct 22, 2018 · 09:50 PM
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Singapore

MALAYSIAN car dealership and automotive parts maker MeGroup has priced its initial public offering (IPO) at S$0.23 per share, ahead of a listing on the Catalist board of the Singapore Exchange.

The IPO will raise net proceeds of S$2.4 million through the issuance of 16.5 million new shares.

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